Wednesday, Feb 13, 2019

TOP STORIES

Annual retail sales fall for the first time in five years

RETAIL sales this year could stay sluggish, analysts warned, after full-year figures were...
PUBLISHED Feb 13, 2019 05:50 AM

Dedicated body to level up corporate governance standards

IN A first for Singapore, the Monetary Authority of Singapore (MAS) - the country's...
PUBLISHED Feb 13, 2019 05:50 AM
COMMENTARY:SINGAPORE BUDGET 2019

Why a forward-looking Budget is needed

AT AN international conference in Budapest organised by the Central Bank of Hungary last...
PUBLISHED Feb 13, 2019 05:50 AM

Insurance new business premiums up a modest 3% in 2018

MARKET uncertainty and volatility took a toll on insurance sales in the fourth quarter of...
PUBLISHED Feb 13, 2019 05:50 AM

HIV data leak: judgment call whether to disclose breach to affected persons and public, says Health Minister

A KEY factor in the government's decision whether to disclose the HIV Registry data...
PUBLISHED Feb 13, 2019 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Yoma's bond issue: Baht what about Singapore?

THOSE wondering if Yoma Strategic's decision to issue 2.2 billion in Thai baht (S$95...
PUBLISHED Feb 13, 2019 05:50 AM

HPH Trust posts Q4 net loss of HK$12.11b on huge impairment losses

IMPAIRMENT losses amounting to a staggering HK$12.29 billion (S$2.12 billion) wreaked...
PUBLISHED Feb 13, 2019 05:50 AM

Hyflux extends deadline to file proofs of claims to March 1

HYFLUX has given creditors and stakeholders a two-week extension to file their proofs of...
PUBLISHED Feb 13, 2019 05:50 AM

TSH shares end 18% lower following completion of RTO

TSH Corp opened at 38 Singapore cents on Tuesday on its first day of trading following a...
PUBLISHED Feb 13, 2019 05:50 AM

Frasers Property's Q1 net profit jumps 76% to S$145.6 million

FRASERS Property posted a 76.1 per cent increase in its first quarter profit to S$145.6...
PUBLISHED Feb 13, 2019 05:50 AM

Corporate digest

MAPLETREE Industrial Trust is proposing a private placement of 90.44 million new units to...
PUBLISHED Feb 13, 2019 05:50 AM

SBS Transit posts record earnings; hikes dividend

NEW government bus contracts introduced last year drove earnings sharply north for...
PUBLISHED Feb 13, 2019 05:50 AM

Valuetronics Q3 profit up 2.6% on lower income tax expense

A DROP in income tax expense lifted Valuetronics Holdings' third-quarter net profit...
PUBLISHED Feb 13, 2019 05:50 AM

Shanghai Turbo Enterprises board control challenge fails

THE challenge for board control at Shanghai Turbo Enterprises has been beaten off.
PUBLISHED Feb 13, 2019 05:50 AM

Xiaomi, Meituan among dual-class stocks to join MSCI indexes

XIAOMI Corp and Meituan Dianping will be among the companies with unequal voting...
PUBLISHED Feb 13, 2019 05:50 AM

Debenhams secures £40m lifeline as it seeks financial and product revamp

DEBENHAMS Plc secured a lifeline from some of its lenders, giving the troubled UK...
PUBLISHED Feb 13, 2019 05:50 AM
STOCKS

Singapore bourse dips on weak retail sales data

TUESDAY'S trading yielded gains for most Asian markets, but the Singapore bourse...
PUBLISHED Feb 13, 2019 05:50 AM

Brokers' take

ESR Reit I BUY (initiate)
PUBLISHED Feb 13, 2019 05:50 AM
CURRENCIES

Dollar set for biggest winning streak in two years

THE dollar was on track for its longest winning streak in two years on Tuesday, as hopes...
PUBLISHED Feb 13, 2019 05:50 AM

REAL ESTATE

Singapore condo resale prices down 0.3% in Jan: SRX

SINGAPORE'S condo resale market continued to cool for the second straight month in...
PUBLISHED Feb 13, 2019 05:50 AM

CBRE appoints new Singapore MD, S-E Asia chairman and chief operating officer

CBRE's Pauline Goh will now assume the role of chairman for South-east Asia, a role...
PUBLISHED Feb 13, 2019 05:50 AM

JTC food factory goes on sale with S$18m guide price

A JTC detached food factory next to the future Enterprise MRT Station on the Jurong...
PUBLISHED Feb 13, 2019 05:50 AM

Freehold commercial building for sale with S$25m guide price

A FREEHOLD four-storey commercial building near Jalan Besar MRT station is up for sale in...
PUBLISHED Feb 13, 2019 05:50 AM

HDB launches 3,739 flats in first sales exercise of 2019

THE Housing and Development Board (HDB) has launched 3,739 flats in its first sales...
PUBLISHED Feb 13, 2019 05:50 AM

Work on final WTC tower may start without signed tenant

SILVERSTEIN Properties, the developer that rebuilt lower Manhattan after the destruction...
PUBLISHED Feb 13, 2019 05:50 AM

BANKING & FINANCE

DBS partners SMU on sustainability initiative

DBS BANK and Singapore Management University (SMU) are joining hands on a comprehensive...
PUBLISHED Feb 13, 2019 05:50 AM

Russia expects to recover far less from 'bad bank' assets

RUSSIA will dramatically cut its estimate of the sum it expects to recover from a "...
PUBLISHED Feb 13, 2019 05:50 AM

ENERGY & COMMODITIES

Egypt dangles incentives to draw more investors to its energy industry

EGYPT is finalising details of a new type of oil and gas contract to attract even more...
PUBLISHED Feb 13, 2019 05:50 AM

Berlin chats with US on LNG imports while buying from Russia

GERMANY will put on a show of unity with the United States this week in talks on...
PUBLISHED Feb 13, 2019 05:50 AM

Oil up on Opec cuts and sanctions against Venezuela, Iran

OIL prices rose on Tuesday amid Opec-led supply cuts and US sanctions against Iran and...
PUBLISHED Feb 13, 2019 05:50 AM

Australia cattle giant warns of 'extreme losses' from floods

AUSTRALIA'S largest cattle company has warned of "extreme losses" after...
PUBLISHED Feb 13, 2019 05:50 AM

First US coal plant in years to open where no options exist

ONE way to boost coal in the US: Find a spot near a mine with no access to oil or natural...
PUBLISHED Feb 13, 2019 05:50 AM

Malaysia to double palm oil used in transport biodiesel to 20% in 2020

MALAYSIA aims to double the palm oil content in biodiesel used for the transport sector...
PUBLISHED Feb 13, 2019 05:50 AM

TECHNOLOGY

Trump orders US administration to prioritise AI

US President Donald Trump on Monday ordered the US administration to give greater...
PUBLISHED Feb 13, 2019 05:50 AM

Tencent investment in Reddit sparks censorship worry in some users

REDDIT confirmed on Monday a new funding round that included a US$150 million investment...
PUBLISHED Feb 13, 2019 05:50 AM

CONSUMER

STARTUPS

Zilingo reportedly near 'unicorn' status after US$226m Series D round

FASHION and lifestyle products platform Zilingo has raised US$226 million in equity in a...
PUBLISHED Feb 13, 2019 05:50 AM

Walmart, Google-backed Deliv end online grocery partnership

WALMART Inc and logistics firm Deliv pulled the plug on a key same-day grocery delivery...
PUBLISHED Feb 13, 2019 05:50 AM

UK must regulate power of Facebook over news: report

THE United Kingdom should tackle the power of Silicon Valley over Britain's news...
PUBLISHED Feb 13, 2019 05:50 AM

TRANSPORT

STRAIT TALK

More fuel challenges ahead that need to be resolved

SOMETIMES, you have to be careful what you wish for. A good few years ago now, tanker...
PUBLISHED Feb 13, 2019 05:50 AM

China state-owned rail-car maker eyes Washington contract

CHINA'S state-owned rail-car manufacturer has shown increased interest in building...
PUBLISHED Feb 13, 2019 05:50 AM

Woman sues Lime after e-scooter mishap leaves her daughter in a vegetative state

MOST days, when Ashanti Jordan's shift at Broward General Medical Center in Fort...
PUBLISHED Feb 13, 2019 05:50 AM

GOVERNMENT & ECONOMY

Theresa May seeks more time from MPs to hold Brexit talks

BRITISH Prime Minister Theresa May asked MPs on Tuesday to give her more time for talks...
PUBLISHED Feb 13, 2019 05:50 AM

A hard Brexit will not fundamentally impair UK-Singapore trade: Chan Chun Sing

EVEN if the United Kingdom (UK) leaves the European Union (EU) without a withdrawal...
PUBLISHED Feb 13, 2019 05:50 AM

NTUC calls for higher wage supplements for younger low-wage workers

WAGE supplements for younger low-wage workers should be raised to reduce income...
PUBLISHED Feb 13, 2019 05:50 AM

Thailand suspends TV channel linked to Thaksin ahead of poll

THAILAND'S telecoms regulator on Tuesday suspended the operating licence of a...
PUBLISHED Feb 13, 2019 05:50 AM

LIFE & CULTURE

THE STRAITS TIMES SINGAPOREAN OF THE YEAR AWARD

Interfaith champion Siti Noor Mastura named Singaporean of the Year

A YOUNG champion for interfaith work has received The Straits Times Singaporean of the...
PUBLISHED Feb 13, 2019 05:50 AM
NEW YORK FASHION WEEK

Next autumn looks sexy and colourful

LAST weekend, from Los Angeles to London, the showbiz A-list strutted their stuff on red...
PUBLISHED Feb 13, 2019 05:50 AM

EXECUTIVE MONEY

Market dilemma: Goldilocks or bust?

INVESTORS are riding helter-skelter markets - causing headaches as they try to figure...
PUBLISHED Feb 13, 2019 05:50 AM

Using fee war to redefine the ETF industry

WILL RHIND has seen the top of the gold market, and the bottom. Now, the leader of the...
PUBLISHED Feb 13, 2019 05:50 AM

The yield curve explained: Is it predicting recession?

SINCE 1980 the yield curve has accurately predicted the last five US recessions. After...
PUBLISHED Feb 13, 2019 05:50 AM

OPINION

The catastrophic costs of a Brexit brain drain

SHOULD the United Kingdom go through with its withdrawal from the European Union, one of...
PUBLISHED Feb 13, 2019 05:50 AM
THE BOTTOM LINE

A ray of sunlight at the end of the Venezuelan tunnel

SINCE the election of Hugo Chávez in December 1998, Venezuelans have embraced Chavismo -...
PUBLISHED Feb 13, 2019 05:50 AM
EDITORIAL

SIAS's Hyflux rap: A wake-up call for corporate Singapore

EARLIER this week, the Securities Investors Association (Singapore) issued a strongly-...
PUBLISHED Feb 13, 2019 05:50 AM

Security tokens can shape future of wealth management in SE Asia

The last 12 months has seen the meteoric rise and fall of the quintessential crypto...
PUBLISHED Feb 13, 2019 05:50 AM
COMMENTARY

Mobile payments have positive impact on business growth

AROUND the world, mobile payments are fast displacing cash as the preferred means of...
PUBLISHED Feb 13, 2019 05:50 AM
COMMENTARY

It's not xenophobia that links the 'new populists'. It's hypocrisy

IN RECENT months, academics, columnists and analysts have spilled gallons of ink...
PUBLISHED Feb 13, 2019 05:50 AM

BREAKING NEWS

Mar 25, 2019 06:18 PM

Ex-global director of McKinsey joins Singtel board

MAINBOARD-LISTED Singtel has brought McKinsey's former managing director on board its board...
Mar 25, 2019 06:08 PM

Sias urges Hyflux to chase Salim-Medco for updates on rescue deal

FIRST came a default notice from the national water agency, followed by an announcement that Hyflux's scheduled...
Mar 25, 2019 05:57 PM

Singapore shares slide 0.9% as global growth concerns mount

IT was a sea of red in Asia on Monday as markets faced a broad sell-off fuelled by worrying concerns about the global...
Mar 25, 2019 05:34 PM

Charges of cheating amid confusion over Thailand's election result

<p/> <p/> [BANGKOK] Two major political parties raised doubts on Monday about the accuracy of Thailand...
Mar 25, 2019 04:57 PM

Thaksin allies claim victory in Thai election, challenging army

[BANGKOK] A political party linked to exiled tycoon Thaksin Shinawatra claimed victory in Thailand's election and...
Mar 25, 2019 04:55 PM

Majestic Wine ramps up investments in online Naked Wines business

[LONDON] Majestic Wine PLC on Monday said it would sell assets, close stores and review its dividend as part of a wider...
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